These blue chip ASX 200 shares could be in the buy zone…
The post 2 fantastic blue chip ASX 200 shares to buy next week appeared first on The Motley Fool Australia. –
If you’re searching for some new blue chip shares to add to your portfolio, then the two listed below could be worthy candidates.
These blue chip ASX 200 shares have strong business models and positive growth outlooks.
Even better, though, is that they have recently been named as buys by analysts:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is this integrated commercial and industrial property company.
Goodman could be a top option due to its world class portfolio, which comprises warehouses, data centres, large scale logistics facilities, and business and office parks.
Demand for its properties has been very strong, leading to sky high occupancy rates and stellar earnings growth over the last decade. This is being driven by its strategy of developing modern, high quality properties in key gateway cities around the world.
Morgan Stanley is a fan of the company. It currently has an overweight rating and $26.50 price target on Goodman’s shares.
Healius Ltd (ASX: HLS)
Another blue chip ASX 200 share to look at is Healius. It is one of Australia’s largest pathology and diagnostic imaging providers offering services via a number of brands. These include Dorevitch Pathology, QML Pathology, Laverty Pathology, and Healthcare Imaging Services.
It also just added to this last week with the acquisition of Agilex for an enterprise value of $301.3 million. Agilex is one of Australia’s leading bioanalytical laboratories.
This acquisition is expected to be accretive to the company’s earnings, which have already been growing strongly in FY 2022.
For example, for the first quarter of FY 2022, Healius reported a 43.7% increase in group quarterly revenue over the prior corresponding period to $689.9 million. This was driven by strong demand for COVID testing and a robust performance from the rest of the business.
Macquarie is bullish on Healius. It currently has an outperform rating and $5.65 price target on the company’s shares.
The post 2 fantastic blue chip ASX 200 shares to buy next week appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of August 16th 2021
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.